REGISTERED CHARITY NUMBER: 1180314
Report of the Trustees and Financial Statements for the Year Ended 31 December 2021
for
Choice Through Education UK
Choice Through Education UK
Contents of the Financial Statements for the Year Ended 31 December 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | ||
| Detailed Statement of Financial Activities | 7 |
Choice Through Education UK
Report of the Trustees for the Year Ended 31 December 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the CIO are:
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The prevention of poverty of financial hardship anywhere in the world, in particular but not exclusively by providing or assisting in the provision of education, training, health care projects and other facilities and support designed to enable individuals to generate a sustainable income and be self-sufficient; and,
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For the public benefit to advance the education of children and young people who are socially and economically or just socially disadvantaged in particular but not exclusively in Kenya, in such way as the diversity trustee, think fit.
Significant activities
The CIO raises money predominantly through donations from businesses and individuals. Distributions are made to charitable projects, and the charity also provides resources and information direct to institutions intended for the benefit of the projects.
Public benefit
The trustees review the objects and activities at least once each year to look at what has been achieved. Reference is made to the guidance in the Charity Commission’s general guidance on public benefit when reviewing objectives and planning future activities. In particular the trustees consider how planned activities will contribute to the objectives set.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
A marginal increase in donations for the year saw the charity turnover amount to £15,568. Of which, the charity made outward donations totalling £15,838 to further support projects in the Kenya region.
FINANCIAL REVIEW
Principal funding sources
The principal source of funding during the year was donations from individuals and businesses.
Financial Review
The receipts and payments account shows a deficit of £3,289 for the year. The receipts and payments surplus account totals £1,085 at the end of the year, and will be carried forward to be used in future years.
The three trustees operate on a 100% voluntary basis and receive no remuneration or benefits from the charity.
The trustees themselves donate sufficient funds every year to cover any costs which primarily relate to visits to the schools to see the individual sponsored students.
Reserves policy
Surplus funds at the year end which have not been distributed for the objectives of the charity are retained in reserves to be distributed as donations in future accounting periods. The reserves policy is reviewed annually for it's appropriateness in respect to the aims and objectives of the charity.
Risk Management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to major risks.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing financial statements.
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FUTURE PLANS
Short term objectives for the future is to ensure the charity has sufficient funds to recover from the adverse impact resulting from the covid-19 pandemic. Additionally, to continue work with the Destiny Gates Foundation on the development of reporting on students for sponsors, towards the objective of reporting updates three times per year.
Longer term aims are to develop the high school, and build the extension for the women’s empowerment centre which will anticipate creating further employment in training roles.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a constitution in respect to CIO’s.
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Choice Through Education UK
Report of the Trustees for the Year Ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees may be appointed by nomination by existing trustees of the charity, subject to suitable skills and knowledge. Any nomination of new trustees must be formally communicated in writing to the existing members.
Organisational structure
Choice Through Education UK is a charitable incorporated organisation.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1180314
Registered office
5 Green Lane Darley Dale Derbyshire DE4 2GJ
Trustees
W Collins B Thomas G Whisbey
Accountants
A K & Co (Accountancy Services) Dane John Works Gordon Road Canterbury CT1 3PP
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Mr W Collins - Trustee
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Choice Through Education UK
Income Statement
for the Year Ended 31 December 2021
| Period | ||
|---|---|---|
| 15.10.18 | ||
| Year Ended | to | |
| 31.12.21 | 31.12.20 | |
| £ | £ | |
| TURNOVER | 15,569 | 11,441 |
| Administrative expenses | 18,858 | 10,788 |
| OPERATING (DEFICIT)/SURPLUS and | ||
| (DEFICIT)/SURPLUS BEFORE TAXATION | (3,289) | 653 |
| Tax on (deficit)/surplus | - | - |
| (DEFICIT)/SURPLUS FOR THE | ||
| FINANCIAL YEAR | (3,289) | 653 |
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Choice Through Education UK (Registered number: )
Balance Sheet 31 December 2021
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| CURRENT ASSETS | ||
| Cash at bank | 1,085 | 4,374 |
| TOTAL ASSETS LESS CURRENT | ||
| LIABILITIES | 1,085 | 4,374 |
| RESERVES | ||
| Retained earnings | 1,085 | 4,374 |
| 1,085 | 4,374 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.
The director acknowledges responsibilities for:
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(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed by:
........................................................................ Mr W Collins - Trustee
The notes form part of these financial statements
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Choice Through Education UK
Notes to the Financial Statements
for the Year Ended 31 December 2021
1. STATUTORY INFORMATION
Choice Through Education UK is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
This page does not form part of the statutory financial statements
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Choice Through Education UK
| Income Donations Expenditure Travel and accommodation Kenya education project donations Accountancy Finance costs Bank charges NET (LOSS)/PROFIT |
Detailed Profit and Loss Account for the Year Ended 31 December 2021 Year Ended 31.12.21 £ £ 15,569 - 15,838 2,940 18,778 (3,209) 80 (3,289) |
Detailed Profit and Loss Account for the Year Ended 31 December 2021 Year Ended 31.12.21 £ £ 15,569 - 15,838 2,940 18,778 (3,209) 80 (3,289) |
Year Ended 31.12.20 £ 572 10,196 - |
£ 11,441 10,768 673 20 653 |
|---|---|---|---|---|
| Year Ended 31.12.21 £ - 15,838 2,940 |
This page does not form part of the statutory financial statements
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